pwshub.com

Crypto-friendly RFK Jr. suspends independent presidential bid

Robert F. Kennedy Jr. said Friday that he was suspending his independent presidential bid and throwing his support behind Donald Trump, who is seeking a second term as US president. 

The announcement took place during a speech in Phoenix, Arizona. Kennedy’s team, ahead of the event, said the speech would address his “path forward.”

“In an honest system, I believe that I would have won the election,” he said in his remarks, during which he sharply criticized the Biden administration. 

Rumors swirled earlier this week that Kennedy planned to drop out and endorse presidential hopeful Donald Trump. NBC News reported that the two campaigns were even plotting a joint appearance. The two were also speakers earlier this year at Bitcoin 2024. 

Earlier this week, Kennedy’s running mate Nicole Shanahan noted in a podcast appearance that their campaign had a limited set of options, which included staying in or “joining forces” with former President Donald Trump. 

Kennedy’s official independent platform focused on small businesses, bitcoin and blockchain technology — which he claimed are “essential to human freedom — and “tax fairness” among other issues. 

He, like Trump, also made an appearance at Bitcoin 2024 back in July. 

Kennedy told Blockworks earlier this year that he’s “happy” about Trump’s crypto commitment. 

“I think it’s a good thing for our country. Commitment to crypto is a commitment to freedom and transparency. I’m not going to question if it was a political decision, I’m happy he did it,” he said at the Consensus conference back in May.

At the same conference — way before President Joe Biden dropped out of the presidential race — Kennedy claimed that he could beat Trump.

However, his campaign has since faced a few hardships since then including slowing campaign contributions and losing out on some ballots, including New York.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags
  • Donald Trump
  • Robert F. Kennedy Jr.
  • US politics

Source: blockworks.co

Related stories
2 weeks ago - RFK Jr. has thrown his weight behind Donald Trump, removing a major obstacle to Trump's play for the single-issue crypto and Bitcoin vote.
1 month ago - The nephew of former president John F. Kennedy had made crypto central to his platform. His endorsement of Trump could prove critical.
1 month ago - The past week was momentous for Bitcoin & cryptocurrency as they took center stage in the US presidential race. Former President Donald Trump made a groundbreaking endorsement of Bitcoin at the Bitcoin 2024 conference in Nashville,...
1 month ago - Former President Donald Trump is set to announce the creation of a ‘Bitcoin Strategic Reserve’ in Nashville. Vice President Kamala Harris’s office contacted billionaire investor Mark Cuban to discuss Bitcoin. Independent Presidential...
3 weeks ago - Recent reports claim that Robert F. Kennedy Jr. will drop out of the US presidential race on Friday. The rumors have made PolitiFi tokens rise over 15% on the last day. While tokens inspired by RFK Jr. have plunged, Trump-themed memecoins...
Other stories
53 minutes ago - The makers of Parallel are expanding the Ethereum card battler's universe with Project Tau Ceti, a 3D shooter on Base gaming network B3.
1 hour ago - Recent Ethereum price action saw ETH reaching another low of $2,150 on September 6, raising concerns of a more severe drop towards the $2,000 price level. Although these concerns were eased with a subsequent bounce to $2,460 on September...
1 hour ago - A crypto strategist known for making timely altcoin calls believes layer-1 protocol Sui (SUI) is gearing up to spark breakout rallies. Pseudonymous analyst Bluntz tells his 274,600 followers on the social media platform X that SUI appears...
3 hours ago - Solana (SOL) faces significant risk as the broader cryptocurrency market rebounds from local lows, yet SOL struggles to break above the crucial $140 resistance level. This underperformance has raised concerns among investors, with many...
3 hours ago - Stablecoin issuer Circle is announcing the support of national bank transfers involving USDC in Mexico and Brazil. In a new blog post, the payments platform says that it will now be offering local bank transfers via PIX and SPEI – the...